Algorand is in the list of S & P BDM tracked Digital assets. S & P BDM tracks crypto based on its fundamentals. S & P BDM tracks 243 Digital assets. Buying and Holding ALGO now makes a lot of investment sense. If you can, stack more bags with ALGO, you will not regret in future.”

The S&P Cryptocurrency Broad Digital Market (BDM) Index is designed to track the performance of digital assets listed on recognized open digital exchanges that meet minimum liquidity and market capitalization criteria covered by the price provider Lukka. The index is meant to reflect a broad investable universe.

S&P Dow Jones Indices makes use of Lukka Prime Fair Market Value end-of-day prices for cryptocurrency index calculations.  This methodology is designed specifically for determining the fair-value pricing of liquid crypto assets, and the data is offered with institutional data quality standards.

Both quantitative and qualitative factors determine the primary market of each asset at any given time to assess that asset’s fair market value, which aligns with GAAP and IFRS guidelines.

Lukka is the first AICPA SOC 1 Type 2 and AICPA SOC 2 Type 2 middle and back office crypto Service Organization.

Type 2 report on the fairness of the presentation of management’s description of the service organization’s system and the suitability of the design and operating effectiveness of the controls to achieve the related control objectives included in the description throughout a specified period.

SOC 1 – SOC for Service Organizations report on Controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting (ICFR).  These reports are specifically intended to meet the needs of entities that use service organizations (user entities) and the CPAs that audit the user entities’ financial statements (user auditors) in evaluating the effect of the controls at the service organization on the user entities’ financial statements.

Very soon, Algorand will be the blockchain used by big corporate players and Government institutions.  It is already the greenest and at the top with low fees and high transaction speed.

Worth recollecting that Goldman Sachs’ recent whitepaper on crypto, which was sent to investors and stakeholders, mentioned ALGO as a faster alternative to Ethereum.  Those looking to invest based on strong fundamentals should DYOR (Do your research) about the Algorand Suite of Innovative Products.

It’s just a matter of time.  JP Morgan said no to BTC several times.  They said it many times until the No became the yes. JP Morgan is now saying yes to BTC by investing on behalf of their clients in the BTC products.